The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

Crude futures pick up from the previous day's losses, helped in part by major Permian producer Diamondback Energy's CEO warning shareholders that the company expects activity to slow and production to ...

We’re a little over 100 days into this new administration and, ‘Good Lord.' There’s been a tremendous amount of volatility ...

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer and its ...

The outlook from Diamondback, one of the industry’s most prominent producers, marks a key shift for expectations within the ...

ExxonMobil is benefitting from its Pioneer acquisition, Guyana development and many other upstream and downstream projects.

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

Economic headwinds and oil-market turbulence mean U.S. shale's crude output has likely peaked and is set to decline, according to Permian producer Diamondback Energy. The warning didn't name President ...